Royce Otc Micro (NYSE:RMT) Shares Cross Below 200 Day Moving Average - Here's What Happened

Shares of Royce Otc Micro (NYSE:RMT - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $13.64 and traded as low as $12.68. Royce Otc Micro shares last traded at $12.86, with a volume of 68,702 shares trading hands.

Royce Otc Micro Trading Up 1.2%

The company's fifty day moving average is $13.61 and its two-hundred day moving average is $13.64.

Royce Otc Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.2%. This is an increase from Royce Otc Micro's previous quarterly dividend of $0.21. The ex-dividend date was Friday, September 11th.

Institutional Investors Weigh In On Royce Otc Micro

Several hedge funds have recently modified their holdings of the stock. Hara Capital LLC purchased a new stake in shares of Royce Otc Micro during the second quarter valued at approximately $33,000. Kestra Advisory Services LLC boosted its stake in shares of Royce Otc Micro by 354.6% in the first quarter. Kestra Advisory Services LLC now owns 17,485 shares of the financial services provider's stock valued at $198,000 after purchasing an additional 13,639 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Royce Otc Micro by 20.4% in the second quarter. Susquehanna International Group LLP now owns 15,473 shares of the financial services provider's stock valued at $227,000 after purchasing an additional 2,621 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Royce Otc Micro by 30.7% in the third quarter. Farther Finance Advisors LLC now owns 30,404 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 7,149 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in Royce Otc Micro by 13.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,571 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 3,448 shares in the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Otc Micro Company Profile

Royce Micro-Cap Trust, Inc NYSE: RMT is a publicly traded closed-end investment company focused on long-term growth of capital. The fund invests primarily in shares of U.S. micro-cap companies, generally emphasizing businesses that Royce's investment team believes have the potential for sustainable growth and attractive long-term returns.

The trust provides investors with diversified exposure to smaller publicly traded companies across a range of industries. Its portfolio may include common stocks and other equity-related investments, with security selection based on fundamental research and analysis of factors such as business quality, financial condition, valuation and growth prospects.

RMT is managed by Royce Investment Partners, an investment management firm known for its focus on small-cap and micro-cap equities.

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